In contract salvage the owner of the property and salvor enter into a salvage contract prior to the commencement of salvage operations and the amount that the salvor is paid is determined by the contract. This can be a fixed amount, based on a "time and materials" basis, or any other terms that both parties agree to. The contract may also state that payment is only due if the salvage operation is successful (a.k.a. "No Cure, No Pay"), or that payment is due even if the operation is not successful. By far the commonest single form of salvage contract internationally is Lloyd's Standard Form of Salvage Agreement (2011), an English law arbitration agreement administered by the Council of Lloyd's, London.
In contract salvage the owner of the property and salvor enter into a salvage contract prior to the commencement of salvage operations and the amount that the salvor is paid is determined by the contract. This can be a fixed amount, based on a "time and materials" basis, or any other terms that both parties agree to. The contract may also state that payment is only due if the salvage operation is successful (a.k.a. "No Cure, No Pay"), or that payment is due even if the operation is not successful. By far the commonest single form of salvage contract internationally is Lloyd's Standard Form of Salvage Agreement (2011), an English law arbitration agreement administered by the Council of Lloyd's, London.
That Lloyd’s contract (https://www.lloyds.com/~/media/files/the%20market/tools%20an...) is concise (2 pages).
It may incorporate the SCOPIC clause (https://www.lloyds.com/resources-and-services/lloyds-agency/...), but that doesn’t seem long, either, even including its appendices.